\begin{table}[h!]
    \centering
    \caption{Impacts of Developer Specialization on 421-a Participation and Lot Ownership}
    \label{tab:developer_specialization}
    \small
    \begin{tabular*}{\textwidth}{@{\extracolsep{\fill}}lccccccc@{}}
\toprule
 & (1) & (2)            & (3)              & (4)        & (5)          & (6)         & (7)              \\  \addlinespace
Fixed Effects:                  & None     & \multicolumn{3}{c}{Borough} & \multicolumn{3}{c}{Neighborhood Tabulation Area} \\ \cmidrule{2-2}\cmidrule{3-5}\cmidrule{6-8}
Controls:                   & None       & None   & Lot   & Lot \& Block       & None & Lot & Lot \& Block      \\ \midrule \addlinespace
\multicolumn{5}{@{}l}{\emph{Panel A: Does Developer 421-a Experience Affect Participation?}} \\ \addlinespace
421-a Incentive           & $$dtax0_starbeta$$    & $$dtax1_starbeta$$      & $$dtax2_starbeta$$        & $$dtax3_starbeta$$ & $$dtax4_starbeta$$    & $$dtax5_starbeta$$      & $$dtax6_starbeta$$ \\
                         & ($$dtax0_se$$)    & ($$dtax1_se$$)      & ($$dtax2_se$$)        & ($$dtax3_se$$) & ($$dtax4_se$$)    & ($$dtax5_se$$)      & ($$dtax6_se$$) \\ \addlinespace 
Dev.\ \% 421-a           & $$shincl0_starbeta$$    & $$shincl1_starbeta$$      & $$shincl2_starbeta$$        & $$shincl3_starbeta$$ & $$shincl4_starbeta$$    & $$shincl5_starbeta$$      & $$shincl6_starbeta$$ \\
                         & ($$shincl0_se$$)    & ($$shincl1_se$$)      & ($$shincl2_se$$)        & ($$shincl3_se$$) & ($$shincl4_se$$)    & ($$shincl5_se$$)      & ($$shincl6_se$$) \\ \addlinespace    
$N$                       & $$dtax0_n$$    & $$dtax1_n$$      & $$dtax2_n$$        & $$dtax3_n$$ & $$dtax4_n$$    & $$dtax5_n$$      & $$dtax6_n$$ \\
Clusters & $$dtax0_clust$$    & $$dtax1_clust$$      & $$dtax2_clust$$        & $$dtax3_clust$$ & $$dtax4_clust$$    & $$dtax5_clust$$      & $$dtax6_clust$$ \\ \addlinespace \midrule \addlinespace
Cost Savings         & $$cost_adv0_starbeta$$    & $$cost_adv1_starbeta$$      & $$cost_adv2_starbeta$$        & $$cost_adv3_starbeta$$ & $$cost_adv4_starbeta$$    & $$cost_adv5_starbeta$$      & $$cost_adv6_starbeta$$ \\
 & ($$cost_adv0_se$$)    & ($$cost_adv1_se$$)      & ($$cost_adv2_se$$)        & ($$cost_adv3_se$$) & ($$cost_adv4_se$$)   & ($$cost_adv5_se$$)      & ($$cost_adv6_se$$) \\ \addlinespace \toprule  \addlinespace
 \multicolumn{5}{@{}l}{\emph{Panel B: Is Lot Ownership Endogenous to 421-a?}} \\ \addlinespace
Dev.\ \% 421-a         & $$dtax0_1_starbeta$$    & $$dtax1_1_starbeta$$      & $$dtax2_1_starbeta$$        & $$dtax3_1_starbeta$$ & $$dtax4_1_starbeta$$    & $$dtax5_1_starbeta$$      & $$dtax6_1_starbeta$$ \\
 & ($$dtax0_1_se$$)    & ($$dtax1_1_se$$)      & ($$dtax2_1_se$$)        & ($$dtax3_1_se$$) & ($$dtax4_1_se$$)   & ($$dtax5_1_se$$)      & ($$dtax6_1_se$$) \\  \addlinespace    
$N$                       & $$dtax0_1_n$$    & $$dtax1_1_n$$      & $$dtax2_1_n$$        & $$dtax3_1_n$$ & $$dtax4_1_n$$    & $$dtax5_1_n$$      & $$dtax6_1_n$$ \\
Clusters & $$dtax0_1_clust$$    & $$dtax1_1_clust$$      & $$dtax2_1_clust$$        & $$dtax3_1_clust$$ & $$dtax4_1_clust$$    & $$dtax5_1_clust$$      & $$dtax6_1_clust$$ \\\addlinespace \bottomrule
\end{tabular*}
      

        	\begin{spacing}{1}
\begin{tablenotes}
      \item \footnotesize \textit{Notes:} This table extends, in Panel A, the specification of Equation \ref{eq:logit} to include a measure of developers' 421-a specialization, the leave-out share of buildings they enter into 421-a, weighted by the number of residential units. In Panel B, I regress the 421-a incentive $\Delta\tau_i$ on the measure of developer specialization. Standard errors are clustered at the neighborhood level. $\sym{*} = p < 0.10$, $\sym{**} = p < 0.05$, $\sym{***} = p < 0.01$.
      \end{tablenotes}
       \end{spacing}
\end{table}